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Answer the following question based on the information given below.
A drug manufacturing company presents the data on manufacturing of four new types of drugs that it started manufacturing in 2015. The first table shows the breakup of the manufacturing in each month (in thousand units) and the second table shows the share of the types of drugs being manufactured in each quarter as a percentage of the total manufactured drugs for that quarter.
Some parameters have been defined as under:
Quarter production efficiency = (Average monthly production of the drug in the quarter - Total average monthly production)/ Total average monthly production
Quarter comparison ratio = (Average monthly production of the drug in a quarter) / (Average monthly production of the drug in other quarter)
Quarter percent = (The total production in a quarter / Total production) x 100
Which of the following drug types has the lowest per month average production?
 
  • a)
    Pain Killer
  • b)
    Antibiotics
  • c)
    Vitamins
  • d)
    Probiotic capsules
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Answer the following question based on the information given below.A d...
Consider the total drug production (in thousands) for each quarter.
Jan-Feb-Mar = 18 + 20 + 15 = 53; Apr-May-Jun = 17 + 19 + 15 = 51; Jul-Aug-Sep = 13 + 15 + 16 = 44; Oct-Nov-Dec = 19 + 18 + 15 = 52
The average monthly production for any drug type will be the weighted average of the total drug production.
For Pain Killers, total production = (27% of 53) + (45% of 51) + (34% of 44) + (31 % of 52)
= 14.31 + 22.95 + 14.96 + 16.12 = 68.34
Average monthly production of pain killers (in thousands)
= 68.34/12 = 5.695
Similarly, for Antibiotics, total production = (28% of 53) + (25% of 51) + (14% of 44) + (21 % of 52)
= 14.84 + 12.75 + 6.16 + 10.92 = 44.67
Average monthly production of antibiotics (in thousands) = 44.67/12 = 3.7225
For Vitamins, total production = (23% of 53) + (16% of 51) + (25% of 44) + (23% of 52)
= 12.19 + 8.16+ 11 + 11.96 = 43.31
Average monthly production of vitamins (in thousands) = 43.31/12 = 3.609
For Probiotic Capsules, total production = (22% of 53) + (14% of 51) + (27% of 44) + (25% of 52)
= 11.66 + 7.14 + 11.88 + 13 = 43.68
Average monthly production of probiotic capsules (in thousands) = 43.68/12 = 3.64
Thus, the least per month average production is for vitamins.
Hence, option 3.
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Answer the following question based on the information given below.A drug manufacturing company presents the data on manufacturing of four new types of drugs that it started manufacturing in 2015. The first table shows the breakup of the manufacturing in each month (in thousand units) and the second table shows the share of the types of drugs being manufactured in each quarter as a percentage of the total manufactured drugs for that quarter. Some parameters have been defined as under:Quarter production efficiency = (Average monthly production of the drug in the quarter - Total average monthly production)/ Total average monthly productionQuarter comparison ratio = (Average monthly production of the drug in a quarter) / (Average monthly production of the drug in other quarter)Quarter percent = (The total production in a quarter / Total production) x 100Which of the following drug types has the lowest per month average production?a)Pain Killerb)Antibioticsc)Vitaminsd)Probiotic capsulesCorrect answer is option 'C'. Can you explain this answer?
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